Key Developments: Qualcomm Inc (QCOM.O)

QCOM.O on Nasdaq

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17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Qualcomm Inc names Steve Mollenkopf CEO and President
Friday, 13 Dec 2013 07:30am EST 

Qualcomm Inc:Says effective Dec. 12, Steve Mollenkopf was promoted to chief executive officer (CEO) and appointed to its Board of Directors.Says he will continue to serve as the company's President.Says effective Mar. 4, 2014, Mollenkopf will become CEO.Says on Mar. 4, 2014, Paul E. Jacobs will assume the role of Executive chairman.  Full Article

Qualcomm Inc finalizes sale of Omnitracs, Inc. to Vista Equity Partners
Monday, 25 Nov 2013 04:30pm EST 

Qualcomm Inc:Finalises sale of Omnitracs, Inc., a subsidiary of Qualcomm Incorporated, to Vista Equity Partners.Says the agreement to sell the transportation and logistics business for approximately $800 million in cash was originally announced in Aug.Says Barclays Capital Inc. served as financial advisor to Qualcomm.  Full Article

Qualcomm Inc Collaborates with Samsung Electronics Co Ltd to Employ China's BeiDou Satellite Network to Enhance Location-Based Mobile Data and Services for Smartphones
Thursday, 21 Nov 2013 06:00pm EST 

Qualcomm Inc announced that its subsidiary, Qualcomm Technologies, Inc., is enhancing location precision in smartphones and tablets initially in China with support for China's BeiDou Satellite Navigation System. Supporting the BeiDou constellation within Qualcomm IZat location solutions increases the number of satellites that Qualcomm-based devices can access to provide greater position location accuracy. Qualcomm is collaborating with Samsung Electronics Co Ltd to launch the first wave of BeiDou enhanced consumer smartphones, demonstrating the commitment of the companies to provide technology that delivers optimum performance for location-based services within China and globally.  Full Article

Qualcomm Inc Issues Q1 2014 Guidance Below Analysts' Estimates; Issues FY 2014 Guidance In Line With Analysts' Estimates
Wednesday, 6 Nov 2013 04:06pm EST 

Qualcomm Inc announced that for the first quarter of 2014, it expects Revenues of $6.3-$6.9 billion, Non-GAAP diluted earnings per share (EPS) of $1.10 - $1.20, GAAP diluted EPS of $0.92 - $1.02. For fiscal 2014, it expects Revenues of $26.0B-$27.5 billion, Non-GAAP diluted EPS of $4.95-$5.15, GAAP diluted EPS of $4.25 - $4.45. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $7 billion and EPS of $1.16 for first quarter of 2014; revenue of $27.5 billion and EPS of $4.38 for fiscal 2014.  Full Article

Alcatel Lucent SA Announces Strategic Partnership with Qualcomm Inc
Thursday, 31 Oct 2013 01:59am EDT 

Alcatel Lucent SA announced that on September 30, 2013, the Company entered into a strategic partnership agreement with Qualcomm Inc to develop small cells for ultra-broadband wireless access, realizing the collaboration plan announced on July 30, 2013. Under its investment, Qualcomm Inc may purchase Alcatel Lucent SA shares for up to USD 20 million per year, in four tranches, over the period 2013 - 2016. Each tranche is subject to a minimum lock up period of 6 months. On September 30, Qualcomm Inc purchased ca. 6 million of treasury shares (representing approximately 0.25% of the Alcatel Lucent share capital), corresponding to a first tranche of USD 20 million.  Full Article

Qualcomm Inc Declares Quarterly Cash Dividend
Thursday, 24 Oct 2013 09:00am EDT 

Qualcomm Inc announced a quarterly cash dividend of $0.35 per common share, payable on December 19, 2013, to stockholders of record at the close of business on December 2, 2013.  Full Article

Jury Finds Qualcomm Inc Guilty Of Infringement Of ParkerVision Inc Patents
Thursday, 17 Oct 2013 12:33pm EDT 

ParkerVision, Inc announced that a jury in the U.S. District Court for the Middle District of Florida found Qualcomm Incorporated guilty of direct and indirect infringement of ParkerVision patents. That same jury also found ParkerVision's patents valid in light of the alleged prior art references identified by Qualcomm during the course of the trial. The trial, which commenced on October 7, 2013, is being held in two phases. The first phase, which addressed invalidity and direct and indirect infringement, ended on October 17, 2013 with the jury finding in ParkerVision's favor. The second phase of the trial will commence immediately with the same jury, and will determine the scope of damages awarded and whether Qualcomm is also guilty of willful patent infringement. With a finding of willful patent infringement, a judge has the authority to enhance damages awarded by the jury by up to three times.  Full Article

Bharti Airtel Ltd Increases Stake In Qualcomm Inc's 4G Firm To 93.45% - Business Standard
Thursday, 17 Oct 2013 12:19pm EDT 

Business Standard reported that Bharti Airtel Ltd has increased its stake in Wireless Business Services (WBSPL), a company founded by Qualcomm Inc, to 93.45% at an estimated cost of about INR8.75 billion.  Full Article

Technicolor SA Collaborates with Qualcomm Inc's Qualcomm Technologies to Produce a New Set-Top Box
Thursday, 12 Sep 2013 03:34am EDT 

Technicolor SA and Qualcomm Technologies Inc, a wholly-owned subsidiary of Qualcomm Inc, announced that they have collaborated to produce a new set-top box, known as SVELTE (Stimulating Video Experience over LTE), featuring LTE technology, terrestrial broadcast and Android OS. The new SVELTE portable media center will feature the Qualcomm Snapdragon 600 processor.  Full Article

Qualcomm Inc Announces New $5.0 Billion Stock Repurchase Program
Wednesday, 11 Sep 2013 04:15pm EDT 

Qualcomm Inc announced that its Board of Directors has approved, effective immediately, a new $5.0 billion stock repurchase program. This replaces the prior $5.0 billion stock repurchase program announced on March 5, 2013. Since July 24, 2013, the Company repurchased approximately 40.1 million shares of common stock for approximately $2.7 billion.  Full Article

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Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

NEW YORK - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust.

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